Top 10 Questions To Ask Before You Start a Business

So, your dream is to own a business. To see if starting a business is right for you, ASK YOURSELF THE FOLLOWING 10 QUESTIONS. Your answers will help you determine if you are ready to become a business owner or where you need to spend more time in planning.

Am I prepared to spend whatever time, money and resources are needed to get my business started and running properly?

Do I possess the personality traits and characteristics of a successful entrepreneur such as independent, self-starter, hard-worker, resilient, committed, confident, driven, and creative?

Have I realistically assessed my current financial situation and determined how long I can survive before my business is profitable?

Why do I want to start a business of my own and what makes me think I will be successful?

What is unique about my business idea and the products or services I plan provide?

How much money do I need in order to get my business set up and running?﻿

Will I need outside financing to start and operate my business or do I have the funding available myself?

Do I have skills needed to manage my business and the people I will hire?

Do I have passion for the field or business or industry?

Have I identified a team of other professionals that can support my business needs such as legal advisors, accountants, insurance providers, payroll company, merchant services, etc??

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